Construction M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:37 PM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #12. Alamo Group Inc. — Kellands Agricultural Ltd. and Multidrive Tractors Ltd.
Acquirer:
Alamo Group Inc. (NYSE:ALG)
Acquiree:
Kellands Agricultural Ltd. and Multidrive Tractors Ltd.
Details:
Alamo Group Inc. (NYSE: ALG) announced today that its European subsidiary Alamo Group Europe Ltd. has acquired Kellands Agricultural Ltd. and its subsidiary Multidrive Tractors Ltd. based near Cheltenham, Gloucestershire in England.
Alamo Group is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Co.'s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, forestry and tree maintenance equipment, snow removal equipment, leaf collection equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts. Co. sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.
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Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 59th percentile
(ranked higher than approx. 59% of all stocks covered)
Analysts' Target Price: ALG Stock Forecast Based on Zacks ABR data; powered by Xignite |
